Tuttle launches active US quality dividend ETF

Aug 9th, 2023 | By | Category: Equities

Tuttle Capital Management has launched a new actively managed US equity ETF targeting high-quality stocks with strong earnings and dividend growth potential.

Nancy Tengler, CEO and CIO of Laffer Tengler Investments

Nancy Tengler, CEO and CIO of Laffer Tengler Investments.

The Laffer Tengler Equity Income ETF (TGLR US) has been listed on Cboe BZX Exchange with an expense ratio of 0.95%.

The fund is sub-advised by Laffer Tengler Investments, headed up by CEO and CIO Nancy Tengler, which manages the ETF according to its Equity Income Strategy.

This strategy, which has a 4-star overall ranking from Morningstar and has achieved a Top Gun 6 Star rating by PSN among separately managed accounts, typically aims to select between just 25 and 30 stocks from the S&P 500 and hold these positions over a long-term horizon.

Stock selection is guided by Dividend Yield and Price-to-Sales Ratio with Laffer Tengler evaluating these metrics for each company relative to their historical averages and the average of the S&P 500.

The investment process is further supported by Laffer Tengler’s proprietary ‘Fundamental Factor’ research approach which considers the following 12 qualitative and quantitative indicators: Catalyst for Outperformance, Franchise Value & Market Growth, Management & Board of Directors, Sales & Revenue Growth, Operating Margins, Relative P/E, Free Cash Flow, Dividend Coverage & Growth, Asset Turnover Ratio, Use of Cash, Leverage, and Financial Risk.

Commenting on the ETF’s investment approach, Nancy Tengler, CEO and CIO of Laffer Tengler Investments, said: “The methodology for this strategy is a very unique and disciplined way to look at companies that pay and grow their dividends. This is the same valuation metric we began using in the mid-1980s and over time has proven to be very reliable. It leads us to a totally different group of stocks than your typical traditional equity income strategy, and we are excited to bring this strategy to market for more investors.”

Matthew Tuttle, CEO and CIO of Tuttle Capital Management, added: “Nancy Tengler is a well-known market strategist with a proven track record. We are looking forward to offering investors more choices to invest in high-quality equities using the proprietary valuation metrics in the TGLR ETF.”

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